By Christopher Lidom
KUCHING, May: Petchem Industrial Park in Tanjung Kidurong has attracted RM45 billion worth of project investments, says Deputy Minister of International Trade and Investment Datuk Malcolm Mussen Lamoh.
He said currently, the estimated figure does not include the potential investment on the use of methanol for the manufacturing of plastic, polyester and other chemicals.
Malcolm was responding to a supplementary question from Tanjung Datu assemblyman Azizul Annuar Adenan on the estimated cost of investments and projects implemented in Petchem Industrial Park in Tanjung Kidurong at the Sarawak Legislative Assembly (DUN) Sitting here today.
He said aside from the methanol project by Sarawak Petchem Sdn Bhd, there are two other investment projects, namely Onshore Gas Plant 1 (OGP1) by Sarawak Shell Berhad which is currently being implemented and expected to be completed by the end of 2026 and OGP2 by PTTEP HK Offshore Limited that is expected to start site preparation activities next year, follow by plant development in 2025.
He also said Sarawak Economic Development Corporation (SEDC) through SEDC Energy Sdn Bhd also cooperated in joint ventures with foreign investors to implement projects in Petchem Industrial Park such as a medical glove manufacturing plant in collaboration with investors from America which is currently in the construction phase and is expected to start operations in the first quarter of 2024.
He added this includes two hydrogen projects with investors from South Korea and Japan which are in the front end engineering design stage and are expected to reach a financial investment decision in the first quarter of 2024, and be operational in 2027.
Meanwhile, Malcolm disclosed that progress for the methanol project developed by Sarawak Petchem Sdn Bhd has reached 90 per cent as of April 2023,
“It is expected to be operational in the first quarter of 2024,” he said. — DayakDaily.
